Innovus Pharmaceuticals (OTCQB: INNV) shares are higher this morning after the company said that it received the CPNP notification number required to commercialize Zestra® in all 28 member countries of the European Union. The over-the-counter consumer goods and specialty pharmaceutical company is engaged in commercialization, licensing and development of safe and effective non-prescription medicine. In addition to the largest market for Zestra®, the United States, Innovus Pharma currently generates Zestra® revenues from markets in Canada, Morocco, certain European countries and Hong Kong. “We are pleased to expand the commercialization market for Zestra® to the second largest market in the world and believe this will enhance our partnering discussions in EU member countries and eventually expand our sales into this region,” Innovus Pharma CEO Dr. Bassam Damaj stated in the news release.
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About Innovus Pharmaceuticals, Inc.
Headquartered in San Diego, Innovus Pharma is an emerging over-the-counter consumer goods and specialty pharmaceutical company engaged in the commercialization, licensing and development of safe and effective non-prescription medicine and consumer care products to improve men’s and women’s health and vitality and respiratory diseases. Innovus Pharma delivers innovative and uniquely presented and packaged health solutions through its (a) OTC medicines and consumer and health products, which we market directly, (b) commercial partners to primary care physicians, urologists, gynecologists and therapists, and (c) directly to consumers through our on-line channels, retailers and wholesalers. The company is dedicated to being a leader in developing and marketing new OTC and branded Abbreviated New Drug Application products. The company is actively pursuing opportunities where existing prescription drugs have recently, or are expected to, change from prescription (or Rx) to OTC. For more information, visit www.innovuspharma.com.
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